One of the key benefits of using the Novia Wrap is the Gross
General Investment Account (GIA). This product is
specifically designed for use with external wrappers such as SIPP
and Offshore bond wrappers. The Novia Gross GIA pays all
fixed interest payment gross at source so there is no risk that
your investor will end up paying unnecessary tax.
Novia has developed links with a number of third parties to
enable advisers to utilise the Novia Gross GIA within external
wrappers. The process is very straightforward with the
adviser & client opening up the external wrapper and filling in
the relevant paperwork to outsource the custody to Novia.
The third party provider then sends the money across for
investment on the Novia platform. Once on platform the
adviser is able to manage the clients investments (subject to any
restrictions agreed with the external wrapper provider).
